Browns wins silver at CA Sri Lanka Annual Report Awards 2016

Wednesday, 21 December 2016 00:27 - - {{hitsCtrl.values.hits}}

From left: Prasanna Ganegoda - Senior BA, Browns; Thamotharampillai Sanakan - Chief Financial Officer, Browns Group; Aruna Alwis - CEO, ICASL; U.H. Palihakkara - Past President, ICASL; Sanjaya Bandara - Chairman, Annual Report Awards Committee; Chanaka De Silva - Head of Shared Services, Browns; Sudharman Wijayasiri – AGM Finance, Browns; and Nimal Gunarathne - Asst. Manager Finance, Browns

Brown & Company Plc announced that its annual report was presented a silver award in the Trading Sector at the 52nd Annual Report Awards competition conducted by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) at a glittering event that took place at Waters Edge in Battaramulla.

Founded in 1959, CA Sri Lanka is one of the country’s most prestigious institutions. The institute provides leadership and insight to the accountancy and finance profession in Sri Lanka as well as globally. The qualified members of CA Sri Lanka are trained to provide financial knowledge and guidance based on the highest professional, technical and ethical standards, thereby assisting communities and organisations to gain long-term sustainable economic growth.

Held since 1964, the CA Annual Reports competition is considered a platform which encourages excellence in the presentation of information covering transparency, social accountability and good governance among diverse Sri Lankan business entities in the field of financial reporting. This competition is considered the most prestigious event for annual reporting in the country and has helped enhance standards in financial reporting, keeping them in line with global standards.

The performance by Browns is the result of a strategic vision which leverages the valuable synergies of the Browns Group to reaffirm the company’s journey towards being a leading player in the industry. The company has charted an ambitious blueprint for growth, buoyed by the optimistic outlook of the industries it operates as a whole and also inspired by the key performance indicators of the fast-paced Sri Lankan economy.

Browns Group Chief Financial Officer Thamotharampillai Sanakan stated: “One of the highlights of our annual report was that it forayed into presenting an integrated report this time round and was also successful in compiling a sustainability report along with the operational review. This attempt to take on the daunting task of compiling an integrated report reflects the company’s commitment to the triple bottom-line concept of people, planet and profits. Built on the pillar of trust, Brown & Company Plc has instilled sustainability in all areas of its operations and its high levels of disclosures in the 2016 annual report.”

Browns is one of Sri Lanka’s leading blue chip conglomerates in operation today. Being in existence for 140 years, the company is built on a strong foundation of strength and holds steadfast to its reputation of always delivering quality products and services to its customers and stakeholders. The Browns Group is a vibrant, fast expanding diversified entity working in a broad range of industries such as Power Generation, Home and Office Solutions, Agriculture and Plantation Support Services, Pharmaceuticals, Investments, Marine and Manufacturing and Healthcare.